1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marin [14]
2 years ago
11

Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven

to each area It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. Johnson Trucking Company has the following data available
Month Miles driven Total operating costs
January 16,200 22650
February 17000 23250
March 18400 25450
Apri 16500 22875
May 17400 23550
June 15300 21850
The variable cost per mile using the high-low method is:___________.
A. $1.16
B. $138
C. $1 66
D. $1.43
Business
1 answer:
BARSIC [14]2 years ago
7 0

Answer:

Variable cost per unit= $1.16 per mile

Explanation:

Giving the following information:

January 16,200 $22,650

February 17000 $23,250

March 18400 $25,450

Apri 16500 $22,875

May 17400 $23,550

June 15300 $21,850

<u>To calculate the variable cost per mile under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (25,450 - 21,850) / (18,400 - 15,300)

Variable cost per unit= $1.16 per mile

You might be interested in
EFG Transportation Company uses the straight-line method to depreciate its delivery truck. Which of the following reflects how r
Stells [14]

Answer:

C.− NA −NA + −NA

Explanation:

As we know that

The depreciation expense is a non cash expense which is to be charged every year and shown in the income statement

Plus it also reduced the value of the asset and stockholder equity as a retained earning but at the same time it increases the expenses due to which the net income reduced and it does not have any impact on the cash flow statements

Hence, the appropriate option is c.

4 0
3 years ago
In a process called __________, a customer visits a store to touch, feel, and even discuss a product's features with a sales ass
Lerok [7]

Answer:

b. showrooming

Explanation:

Showrooming is when a shopper visits a store to check out a product but then may eventually purchases the product online if there is a better deal.

This occurs because, while many people still prefer seeing and touching the merchandise they buy, many items are available at lower prices through online vendors. As such, local stores essentially become showrooms for online shoppers.

7 0
3 years ago
Which of the following projects is most likely be used in STEM education to learn technology concepts?
ivanzaharov [21]

Answer:

  • <u>investigate search engine criteria to improve search results</u>

<u>Explanation:</u>

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since <u>the focus is on learning technology concepts</u>, the most likely, that is, the <em>project that is closest to technology </em>is investigating search engine criteria to improve search results.

7 0
3 years ago
Effective December 15th, 2018, the operating leases will be recorded: A) as an asset and liability on the balance sheet of the l
Shalnov [3]

Answer: C) on the balance sheet of the lessee with value equal to the present value of future lease payments.

Explanation:

According to IFRS 16 and US GAAP ASC 842 which commenced Jan 1, 2019 and Dec 15, 2018 respectively, Lease payments are to be recognized on the balance sheet of the Lessee at the present value of the future payments on the lease.

The discount rate to be used will be implicitly stated in the lease agreement if both parties were able to determine it.

4 0
3 years ago
10) A worker performs a repetitive assembly task at a workbench to assemble products. Each product consists of 25 components. Va
erik [133]

Answer:

a.9.313hr

b.116.4%

c.104.0%

Explanation:

(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr

(b) Ew= 9.313/8.0 = 1.164 = 116.4%

(c) Time worked = 480 – 13 = 467 min

Tc= (467 min)/(75 pc) = 6.227 min/pc

Tn= 7.45/(1 + 0.15) = 6.478 min/pc

Pw= 6.478/6.227 = 1.040 = 104.0%

6 0
3 years ago
Other questions:
  • AFLAC, Inc. is implementing a new sales program to encourage customer service representatives to offer additional insurance prod
    10·1 answer
  • Sunk costs are important for optimal decision making. are costs that have already been paid and cannot be recaptured in any sign
    6·1 answer
  • The Forestville Freeze is regionally known for its employee training programs. Managers at the Freeze conduct research to determ
    6·1 answer
  • Marketing activities today are completed in much the same way they have always been done. True False
    9·1 answer
  • As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking in
    8·1 answer
  • Which of the concepts below is a characteristic of a Veblen good?
    10·1 answer
  • Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
    9·1 answer
  • A shirt manufacturer buys cloth by the 100 yard roll from a supplier. For setting up a control chart to manage the irregularitie
    11·1 answer
  • Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health
    14·1 answer
  • the product life cycle (plc) defines the life of a product in four basic stages, which include .
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!